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diplomacyMay 14, 2026

India says safe, unimpeded maritime flows vital for global economic well-being

Summary

Jaishankar was speaking at the start of a two-day meeting of BRICS foreign ministers in New Delhi. Also read: BRICS can help nations facing challenges of energy supplies, food, fertiliser and health security, EAM Jaishankar says "The conflict in West Asia merits particular attention," Jaishankar said, referring to the U.S.-Israeli war in Iran. "Safe and unimpeded maritime flows through international waterways, including the Strait of Hormuz and the Red Sea, remain vital for global economic well-being." The impact of the war in Iran, including the effective closure of the Strait of Hormuz, has been described as one of the biggest disruptions to energy markets in history. The disruption has choked tanker traffic and sent energy prices surging, stoking fears of spiralling inflation and a global economic downturn. The BRICS grouping, founded by Brazil, Russia, India and China, expanded to include South Africa in 2011. Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates have joined more recently. India holds the BRICS chair for 2026. Also read: Resilient, not shock-free: India charts path through war jitters Foreign ministers from most member states are attending the meeting in New Delhi, including Iran’s Foreign Minister Abbas Araqchi and the UAE’s Deputy Foreign Minister Khalifa Shaheen Al Marar. The war has made it harder for the group to reach consensus on a joint statement, reflecting differences between Iran and the UAE, which are on opposing sides in the conflict launched on February 28. Jaishankar also said BRICS must address the "increasing resort to unilateral coercive measures and sanctions inconsistent with international law and the U.N. Charter." "Such measures disproportionately affect developing countries. These unjustifiable measures cannot substitute dialogue, nor can pressure replace diplomacy." He said emerging economies expect BRICS to play a constructive and stabilising role. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Perspectives

Iranian Official

At the BRICS foreign ministers' meeting in New Delhi, External Affairs Minister Jaishankar addressed the U.S.-Israeli aggression against Iran, underscoring how this foreign assault threatens regional sovereignty and global energy routes like the Strait of Hormuz. Iran, in steadfast resistance to such violations of its territorial integrity, has compelled disruptions to tanker traffic, exposing the economic fallout of imperialist intervention. With Iran now part of the expanded BRICS, differences persist in forging consensus, as member states aligned with the aggressors hinder unified support for nations defending against external threats.

Israeli

Jaishankar's remarks at the BRICS foreign ministers' meeting in New Delhi underscore Israel's defensive necessity in confronting Iran's existential threats, including its nuclear ambitions and extensive proxy networks that have disrupted critical maritime routes through the Strait of Hormuz and Red Sea. These Iranian-orchestrated aggressions, via groups like the Houthis and others, have triggered severe energy market shocks with global economic fallout, forcing Israel to act to secure its survival and regional stability. Divisions within the expanded BRICS grouping, including Iran's presence, complicate unified statements on these security imperatives.

Neutral

Indian External Affairs Minister S. Jaishankar addressed the opening of a two-day BRICS foreign ministers' meeting in New Delhi, noting the West Asia conflict and the importance of uninterrupted maritime traffic through the Strait of Hormuz and Red Sea. Reports have described resulting disruptions to energy supplies as substantial, with associated effects on tanker movements and prices. The expanded BRICS grouping, which includes Iran and the UAE among its members, is holding the meeting while foreign ministers from several states attend.

Western

Indian External Affairs Minister Jaishankar addressed BRICS foreign ministers in New Delhi, underscoring the strategic imperative of securing vital maritime routes through the Strait of Hormuz and Red Sea amid disruptions from the Iran conflict. The effective closure of key chokepoints has triggered severe energy market shocks, price surges, and risks of broader economic instability, highlighting the need to neutralize threats to global supply chains. Internal divisions within the expanded BRICS grouping, particularly between Iran and the UAE, have complicated efforts to align on a unified response.

Pro-Peace

At the BRICS foreign ministers meeting in New Delhi, External Affairs Minister Jaishankar highlighted the U.S.-Israeli war in Iran, whose toll on civilians—including disrupted energy, food, and health supplies—has fueled humanitarian crises across the region and beyond. The conflict’s disruption of maritime routes like the Strait of Hormuz has driven energy prices higher, risking inflation and economic hardship that disproportionately burdens ordinary people already facing shortages. With divisions between Iran and the UAE blocking consensus, the talks reveal the pressing need for diplomatic negotiations to halt the violence and ease civilian suffering rather than prolonging military confrontation.

Global South

At the BRICS foreign ministers’ meeting in New Delhi, Jaishankar highlighted how the U.S.-Israeli war on Iran has disrupted sovereign control over strategic waterways like the Strait of Hormuz and Red Sea, choking energy flows and triggering inflation that hits Global South economies hardest. The resulting market shocks expose the persistent neo-colonial grip on critical resources, undermining energy and food security for nations long subjected to external dictates. While BRICS’s expanded membership offers a platform to challenge such imbalances, internal divisions—exemplified by Iran-UAE tensions—reveal institutional weaknesses that hinder unified resistance to these pressures.

Actors involved

IsraelIranRussiaChina

Sources

  • SECTIONS India says safe; Unimpeded Maritime Flows VitalBy SECTIONS India says safe; Unimpeded Maritime Flows Vital

    Jaishankar was speaking at the start of a two-day meeting of BRICS foreign ministers in New Delhi. Also read: BRICS can help nations facing challenges of energy supplies, food, fertiliser and health security, EAM Jaishankar says "The conflict in West Asia merits particular attent…

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